The Construction Source

THE CONSTRUCTION SOURCE CANADA That startedwithadevelopment in the Fraser Valley, on a site strategically located near the West Coast Express. The company eventually sold that project to ‘Lookout Housing + Health Society,’ a charitable organization dedicated to addressing the affordable housing crisis in British Columbia. Following that sale, Apex Western Homes purchased another property, this time in The Township of Langley, and set to work on another affordable condo development, this time with 47 units. Ray believes those properties are the “most cost-effective per square foot” in the region. On the topic of affordable housing, Apex Western Homes has also recently launched a rent-to-own program. Ray explains that there are a lot of barriers-to-entry to home ownership, especially for demographics such as self-employed people and immigrants. Those groups can’t get credit to buy homes because they haven’t had the opportunity to establish credit – so two years ago, the company started their rent-to- own program to give people that pathway. Ray says that program has been “taking off, we’re getting a lot of interest.” Also attracting interest is the company’s newest development in Fraser Valley – an 11-storey building with a commercial training kitchen, café outlet, and laundromat on the ground floor, and 10 storeys of 92 affordable rental units above. That project is located literally one block away from a West Coast Express station,